Timing & trends
It is time for the US stock bull market to end. That was per the cycle analysis by Peter Eliades we reviewed several weeks ago. Meanwhile, we could not even get a blip let alone a correction until Greece (with a side of China) got in the MSM.
Now we have a correction. The fact that it is underpinned by media hysterics is bullish, not bearish. At least that is how all such media events have been throughout the cyclical bull market that was concocted by policy designed to reward greed and speculation. Cue the chart…
Junk to Quality bond spreads indicate that greed continues to lurk beneath the surface of the US markets. So we are open to a final push higher. Not predicting it but sure as hell allowing for it.
Watch the Semiconductor sector, which has been a consistent (though sometimes volatile) leader since 2012.
Global markets are much more a mixed bag. Discretion is advised between countries and economic zones.
Commodities are not of interest in the least right now.
Precious Metals are of interest but only when the macro turns. Some indicators have been turning for a long while now, but others remain holdouts. Only when speculation starts to fail and safe havens and insurance start to be valued again will the sector be ready, macro fundamentally speaking.
In that event, quality gold stocks would one day leverage gold’s out performance to most other items. But first, a final washout is still a potential that is in play. It is also the preferred scenario in order to get the contrarian juices flowing.
…continue reading this premium report with 40 charts that support each summary above HERE
…
Talk about volatility. Over the last week, markets have vacillated wildly but, as of this writing, gained NO ground as concerns over China’s bursting stock market bubble finally took Greece off of the front page headlines.
…..read more HERE for larger charts.
US Stock Market Last Chance To Sell Video Analysis
Gold & Silver Bullion Triple Play Video Analysis
TLT (US T-Bond ETF) Short Sale Video Analysis
BitGold Bull Pennant Breakout Video Analysis
GDX & GDXJ Buy Signal Video Analysis
Precious Metal Stocks Solid Rallies Video Analysis
Here is a further look at key precious metal sector stocks with important price and volume action:
More Key Precious Metal Stocks Video Analysis
Thanks,
Morris
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Jul 10, 2015
Morris Hubbartt
Gold & Silver Bullion Triple Play Video Analysis
“Even during the worst declines within the 2008 crash, when the big bubble popped, the market was never as oversold as it is now, as we can see on the MACD indicator at the bottom of the chart. This is another reason that a sharp bounce here is likely, but it should quickly fizzle out perhaps in the 4000 area and reverse into another decline, as backed up selling hits the market again.”
…read the entire article including a chart showing the Shanghai composite at a solid level of support HERE
¥esterday the news hits that all trading on the NYSE is “suspended” due to a “technical glitch.” Just overlook the fact that the trading halt occurred just as the the entire stock market was about do an “elevator shaft” plunge. Funny that – the market never seems to “break” or incur a “technical glitch” when the stock market is spiking higher in inexorable parabolic fashion on some bogus economic report.
The day before the US Mint runs out of silver eagles. Of course, the US Mint/Govt was the last one to announce the news. Everyone in the alternative media/blogosphere heard about it through silver eagle dealers who heard about it from their US mint approved participant supplies (A-mark, etc).
If you want to see what an elevator shaft plunge looks like when a “breakage” or “glitch” is not imposed on a market, look no further than what happened to silver yesterday:
This is what selective capital controls look like. A colleague asked me just now if the NYSE had resumed trading yet (2:15 p.m. EST). I replied: “Does it really matter? It’s irrelevant. The fuse has been lit. This is the start of capital controls. It’s no different from what China is doing. Just wait till they start lowering the gate on mutual funds…then banks….”
I warned last summer that it was time to get your money out of all fixed income mutual funds. I’m sure no one listened. Now it’s time to get your money out of ALL mutual funds. In fact, anyone with half a brain would get their money entirely out of the retirement fund system.
They are in the process of looting retirement funds, only they are using a method that did not occur to me until I applied the same methodology being used on Greece: impose an amount of leverage on the entity in a manner which enables the elitists to “gut” the entity from the inside out.
Most large pension funds – Public and Private – are severely to catastrophically underfunded. This means that the net worth of the fund is below 50%. What’s amusing is that many big pension funds are still throwing money hand over fist at Private Equity firms. These PE firms are paying retarded valuation multiples to invest in businesses, especially tech start-ups. When the stock market crashes despite attempts to “break” the market, PE investments will be wiped out and pension fund net worths will be wiped out. That’s how they are gutting the retirement system.
The Fuse has been lit – it’s only a matter of time before there’s a huge financial mushroom nuclear cloud – to be followed by nuclear mushroom clouds…
via SilverSeek.com
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